Over the weekend of November 26 and 27, Coinbase saw withdrawals of about $2 billion worth of bitcoin, bringing the total amount taken out since November 24 to $3.5 billion, as reported by Cryptoslate.
Cryptoslate further noted Bitcoin (BTC) withdrawals from the exchange between November 24 and November 25 totaled approximately $1.5 billion. Since November 24, the exchange’s reserves have been losing about 50,000 BTC per day, or about $3.5 billion, in total.
Numbers show that Binance increased its reserves by a total of 78,000 BTC, which at the time of this writing is equivalent to about $1.2 billion.
The vast majority of the major exchanges experience heavy BTC withdrawals, according to data from Glassnode.
Numbers show that Binance increased its reserves by a total of 78,000 BTC, which at the time of this writing is equivalent to about $1.2 billion.
(With insights from Cointelegraph)
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